Jennifer Childress
770-776-2239
jchildress@jacada.com
Press Release
Jacada Wins Significant Contract with Major Financial Services Firm in Europe
ATLANTA - July 5, 2006 - Jacada Ltd. (Nasdaq: JCDA), a leading provider of contact center productivity solutions, today announced that it has entered into a significant software license agreement with one of Europe's largest financial services companies.
The financial services company invested in Jacada Fusion as part of an initiative to deliver an enterprise-level view of the customer across multiple systems and customer records. Jacada Fusion provides a critical component for this initiative by providing a non-invasive integration and process optimization solution for the wide variety of business applications and platforms. By automating manual and complex processes and providing more timely access to customer data, the company expects to improve employee productivity and customer service by delivering a single, enterprise view of the customer.
"While we are unable to disclose the name of the financial services company at this time, we are thrilled to see the value they have placed on Jacada Fusion," said Gideon Hollander, CEO of Jacada. "Financial services is a prime market for Jacada due to the huge inventory of widely disparate business applications resulting from numerous mergers and acquisitions. Gaining an enterprise view of the customer is a daunting challenge in these organizations, and Jacada Fusion offers a rare opportunity to gain a competitive advantage without requiring risky and expensive application re-engineering or replacement projects."
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to future financial results and plans for future business development activities, and are prospective. These statements include all statements that are not statements of historical fact and consists of those regarding intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; and (iii) the Company's growth strategy and operating strategy (including the development of its products and services). The words "may," "could," "would," "will," "believe," "anticipate," "estimate," "expect," "intend," "plan," and similar expressions or variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of the future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control. Actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the performance and continued acceptance of our products, general economic conditions and other Risk Factors specifically identified in our reports filed with the Securities and Exchange Commission. The Company undertakes no obligation to update or revise any forward-looking statement for events or circumstances after the date on which such statement is made. The Company cannot assess the impact of or the extent to which any single factor or risk, or combination of them, may cause. For a more complete discussion of risk factors, please see the Company's Form 20-F and other Statements filed with the Securities and Exchange Commission.
